Icon close
  • Tenga en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso está permitido por ley. STARTRADER y sus entidades afiliadas no están establecidas ni operan en su jurisdicción de origen. Al invertir a través de este sitio web, es importante comprender que no está regulado por la Comisión Nacional del Mercado de Valores (CNMV) y usted no tendrá las protecciones que brinda la CNMV.

    Si decide continuar y visitar este sitio web, reconoce y confirma lo siguiente:

    1. STARTRADER no tiene sede en España ni licencia de la CNMV.
    2. Usted accede al sitio web por iniciativa propia y STARTRADER no se lo ha solicitado de ninguna manera.
    3. Desea obtener información de este sitio web, que se proporciona mediante solicitud inversa de acuerdo con las leyes de su jurisdicción de origen.
    4. Invertir a través de esta web no te otorga las protecciones previstas por la CNMV.
    5. Si decide invertir a través de este sitio web o con cualquiera de las entidades de STARTRADER, estará sujeto a las normas y regulaciones de las autoridades reguladoras internacionales pertinentes, no a la CNMV.

    STARTRADER quiere dejar claro que se encuentra debidamente licenciado y autorizado para ofrecer los servicios y productos financieros derivados enumerados en el sitio web. Las personas que acceden a este sitio web y registran una cuenta comercial lo hacen por su propia voluntad y sin solicitud previa.

    Al confirmar su decisión de continuar e ingresar al sitio web, por la presente afirma que esta decisión fue iniciada únicamente por usted y que ninguna entidad de STARTRADER ha realizado ninguna solicitud.

  • Si prega di notare che il sito web è destinato a individui residenti in giurisdizioni dove l'accesso è permesso dalla legge. STARTRADER e le sue entità affiliate non sono né stabilite né operanti nella vostra giurisdizione di residenza. Quando si investe tramite questo sito web, è importante comprendere che non è regolamentato dalla Commissione Nazionale per le Società e la Borsa (CONSOB), e non si avranno le protezioni offerte dalla CONSOB.

    Se si sceglie di procedere e visitare questo sito web, si riconosce e si conferma quanto segue:

    1. STARTRADER non ha sede in Italia né è autorizzata dalla CONSOB.
    2. Si sta accedendo al sito web di propria iniziativa e non si è stati sollecitati in alcun modo da STARTRADER.
    3. Si desidera ottenere informazioni da questo sito web, che sono fornite su base di sollecitazione inversa in conformità con le leggi della propria giurisdizione di residenza.
    4. Investire tramite questo sito web non concede le protezioni fornite dalla CONSOB.
    5. Se si sceglie di investire tramite questo sito web o con una qualsiasi delle entità STARTRADER, si sarà soggetti alle regole e ai regolamenti delle relative autorità di regolamentazione internazionali, non alla CONSOB.

    STARTRADER desidera chiarire che è debitamente autorizzata e abilitata ad offrire i servizi e i prodotti derivati finanziari elencati sul sito web. Gli individui che accedono a questo sito web e registrano un conto di trading lo fanno completamente di loro iniziativa e senza sollecitazioni precedenti.

    Confermando la vostra decisione di procedere ed entrare nel sito web, affermate che questa decisione è stata iniziata esclusivamente da voi, e che non è stata fatta alcuna sollecitazione da parte di alcuna entità STARTRADER.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

8 June

market news summary

U.S. Dollar Index (USDX)

US Dollar graph candle for 8 June 2022

The U.S. dollar index reverted from earlier highs and fell on Tuesday as Wall Street stocks erased initial declines amid growing hopes that inflation may have peaked.

Longer-dated U.S. Treasury yields hit over three weeks’ high overnight on concerns the Federal Reserve will continue its aggressive policy. Additionally, while the Fed seeks to control inflation, it also eased tapering as inflation could slow the central bank’s hiking plans.


The U.S. Dollar index formed a declining pattern as bears formed resistance at 102.60, but the USDX remains trading above 102.30 for the time being. Meanwhile, on the daily chart, the USDX is trying to break away from the declining trendline, but it remains bearish for the longer term.

On the hourly chart, 20 SMA and 55 SMA are moving below the current price levels pointing support formation.




Euro Graph candle for 8 June 2022

The ECB meets on Thursday and markets are expecting it to at least lay the groundwork for rapid rate rises. Additionally, Economic data released on Wednesday showed that German industrial production rose 0.7% in April, recording an improvement from the drop of 3.7% in the previous month.

French trade data and Italian retail sales for April are due later in the day, ahead of first-quarter Eurozone employment and GDP numbers.


Bears remain in control over the overall trend of the currency while heading towards 1.0650.

Fibonacci retracement shows resistance1.0750 and fairly strong support at 1.0650, on the other hand, technical indicators show a possibility of a decline. Though, moving averages show a horizontal movement and set resistance at 1.0700.



Japanese Yen (USDJPY)

Japanese Yen graph candle for 8 June 2022

The yen hit a fresh 20-year low versus the dollar losing more than 4.5% from 127.09 per dollar to touching 133.22 in eight sessions.

Japan’s first-quarter economy beat expectations with the country’s gross domestic product (GDP) shrinking 0.5% in January-March year-on-year, smaller than the preliminary reading of the 1.0% drop released last month.


On the daily chart, the USDJPY is a continuation of the current uptrend, while daily chart technical indicators show a slowdown. Though, Technical indicators on both the hourly and the daily charts are easing and signalling a change in the trend. that the pair is slowing the rise.



Spot Gold (XAUUSD)

Spot gold graph candle for 8 June 2022

Gold traded 0.05% lower at 1,851.05 this morning during the Asian sessions as market participants await the U.S. consumer price index (CPI) for more clues on the interest rate hikes.

U.S. Treasury Secretary Janet Yellen said on Tuesday that inflation might remain high, and the Biden administration is likely to increase the 4.7% inflation forecast for this year in its budget proposal.


The yellow metal traded lower and formed a bearish pattern below 1,854 and showed a tendency to form a resistance below the previous support of 1,852.  Gold prices are set for a decline towards 1,810 on the daily chart. Meanwhile, in the hourly chart, spot gold penetrated out of the regression channel, but it remains set to decline.

On the daily chart, the precious metal returns to its primary decline trend targeting the resistance at 1,810 and 1,790. However, spot gold shows a change in direction and signals further decline below the support at 1,842 during the day.



West Texas Crude (USOUSD)

West Texas Crude Graph candle for 8 June 2022

Crude oil headed up this morning and it found a shelter in the tight supplies and recovering fuel demand as China continued easing COVID-19 restrictions. Brent oil futures hit $120.73 while WTI futures rose to $119.70. Tuesday’s U.S. crude supply data from the American Petroleum Institute showed a build of 1.845 million barrels.


WTI found resistance at $118 a barrel amid heavy selling activities and profit collection. WTI remains in the uptrend on the daily chart targeting $122 a barrel while forming support above $115 as per the 55 SMA readings.

However, today WTI is likely to swing to the same level as the 55 SMA at $117.50. Fibonacci retracement shows firm support at 115 and is stronger if held above 113.40. RSI is showing WTI is oversold, while MACD shows a continuation of the decline.